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Geof Nightingale: Independent Tax Expert on the impact of higher taxes on multinational tech companies like Google, Meta

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Manage episode 504266474 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

A separate argument against major tech firms paying more tax.

A report from tax expert Nick Miller says companies like Google are able to skirt their dues by taking payments from New Zealand subsidiaries, listed as service fees.

He says they could be seen as royalties, which come under a withholding tax.

However, another independent expert in the field, Geof Nightingale, told Andrew Dickens the Trump administration would push the cost back onto New Zealand businesses and consumers.

If we were to tax the US tech giants more, we'd be slapped with a higher tariff on exports.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4348 episodes

Artwork
iconShare
 
Manage episode 504266474 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

A separate argument against major tech firms paying more tax.

A report from tax expert Nick Miller says companies like Google are able to skirt their dues by taking payments from New Zealand subsidiaries, listed as service fees.

He says they could be seen as royalties, which come under a withholding tax.

However, another independent expert in the field, Geof Nightingale, told Andrew Dickens the Trump administration would push the cost back onto New Zealand businesses and consumers.

If we were to tax the US tech giants more, we'd be slapped with a higher tariff on exports.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4348 episodes

All episodes

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